This Week: Home sales, Fed meeting minutes and consumer sentiment index
Time:2024-05-21 22:01:25 Source:businessViews(143)
A look at some of the key business events and economic indicators upcoming this week
SPOTLIGHT ON HOUSING
The National Association of Realtors releases its monthly snapshot of existing U.S. home sales Wednesday.
Economists project that sales of previously occupied homes slowed slightly in April from the previous month to a seasonally adjusted annual rate of 4.18 million homes. The spring homebuying season is off to a sluggish start this year as home shoppers contend with elevated mortgage rates and rising prices.
Existing home sales, in millions, seasonally adjusted annual rate:
Nov. 3.91
Dec. 3.88
Jan. 4.00
Feb. 4.38
March 4.19
April (est.) 4.18
Source: FactSet
FED CLOSE-UP
The Federal Reserve delivers the minutes from its most recent interest rate policy meeting Wednesday.
At that meeting, Fed officials emphasized that inflation has remained stubbornly high in recent months and said the central bank doesn’t plan to cut interest rates until it has greater confidence that price increases are slowing sustainably to its 2% target. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fed’s belief that inflation was steadily easing.
Previous:Judge orders man accused of opening fire outside Wrigley Field held without bail
Next:Rays opening
You may also like
- France is trying Syrian ex
- CNN commentator and political adviser Alice Stewart dies at 58
- Mariners get fine start from Luis Castillo, use late charge to rally past Orioles 4
- Jude Bellingham is caught trying to put off England team
- Tamara Ecclestone is criticised as her daughter Fifi, 10, heads out wearing heavy make
- Out of plaice! Mindboggling brainteaser challenges YOU to spot the odd fish out in 30 seconds
- Rochelle Humes flaunts her incredible figure in black bikini before slipping into a cream two
- China, Vietnam cross
- The Latest